Mailbag

Letters to Barron’s

To the Editor: Randall W. Forsyth astutely tied together the work of Henry Kaufman and Stephanie Pomboy in “Dr. Doom’s Diagnosis of the Banks, the Fed, and the Economy” (Up & Down Wall Street, April 1).

I think it’s also noteworthy that the last recession resulted when lenders responded to the Community Reinvestment Act by lending good money to poor risks and then securitizing those debts.